PriyaPatelTLDR:
- PB Fintech, the parent company of Policybazaar, reported a profit after tax (PAT) of Rs 37 crore in Q3.
- The company also saw a 43% growth in operating revenue, reaching Rs 871 crore for the quarter.
PB Fintech, the parent company of online insurance platform Policybazaar, has reported a profit after tax (PAT) of Rs 37 crore in the third quarter. The company also saw a 43% growth in operating revenue, which reached Rs 871 crore for the December quarter. The positive financial performance comes after the company raised $75 million through a funding round led by Falcon Edge earlier this month. The funds will be used to invest in technology and expand its product offerings. The strong financial results and recent funding indicate the company’s growing market presence and potential for future growth.
PB Fintech’s profit after tax (PAT) of Rs 37 crore in Q3 demonstrates the company’s strong financial performance. This growth can be attributed to the company’s increased operating revenue of Rs 871 crore, marking a 43% increase from the previous quarter. The positive financial results come after PB Fintech raised $75 million in a funding round led by Falcon Edge. The funds will be used to invest in technology and expand the company’s product offerings. This recent funding and strong financial performance indicate PB Fintech’s growing market presence and potential for future growth.
